HSBC Mexico

HSBC Mexico headquarters

HSBC Mexico is one of the largest banks in Mexico and the principal company of Grupo Financiero HSBC, S.A. de C.V.  The company provides a broad range of banking products and financial services to corporate and retail customers. One of Mexico’s top five banks, HSBC serves over 8 million customers through a network of about 1,100 branches and over 6,100 ATMs throughout the country. HSBC Group has been operating in Mexico since opening a representative office in the 1970s. In 2000, HSBC acquired Republic National Bank and Republic’s banking subsidiary was renamed HSBC Bank Mexico. In 2002, HSBC Holdings purchased Grupo Financiero Bital (GF Bital), Mexico's third largest retail bank for US$1.1 billion, and today holds 99.7% of GF Bital, which owns 99.2% of Banco Internacional, a banking franchise offering a full range of corporate and retail banking services. Grupo Financiero Bital was formed in 1992 as a result of a merger between Grupo Financiero Privado Mexicano (Grupo Prime) and Banco Internacional. The integration of GF Bital into HSBC Group was completed in January 2004 and all Mexican operations were consequently renamed under the HSBC brand.

Grupo Financiero HSBC includes:
HSBC México, S.A. Banco
HSBC Seguros, S.A. de C.V.
HSBC Casa de Bolsa, S.A. de C.V.
Fianzas México, S.A.
Global Asset Management (México), S.A. de C.V.
HSBC Servicios, S.A. de C.V.

Key facts:
Total assets: MXN $496.05 billion (6/2011)
Income (before taxes): MXN $1.97 billion (6/2011)
Capital ratio: 13.98%
Staff: over 19,000 employees
Approximately 9.4 million customer accounts